Dodge City times. [volume] (Dodge City, Kan.) 1876-1892, 1887-06-23
DUN's REVIEW.
A More Encouraging Outlook
Than for Weeks.
The Recent Failures Looked Upon
asa Benefit to Firms who Trans
act a Legitimate Business
Interesting Figures.

Co.'S Weekly Review of Trade says it is
most encouraging that two of the great
speculation by which legitimate business
had been for months embarrassed has
come to an end with disaster to other
parties. save those who had invited dis
aster. Arnold & Co., in coffee, and ker-
shaw & Co., in grain, with the powerful
combination behind them, have broken
with number of smaller operators, but
commerce and finances have not been
seriously disturbed. Those who disputed
the wheat statistics given three months
ago in this Review, can now see whether
those figures were more correct than those
of the speculative reports. March 18th.
This Review said the surplus in excess
of the years home demand, and 10, 400
$50 bushels already exported was more
than 80, OOO, 600 bushels. Spectators rid
iculed these warnings, but 49, O0O, 900 bush
els more have been exported to date and
the home demand has been satisfied and
within thirteen days of the end of the
crop year the visible supply of wheat is
2,112, 176 bushels, besides all wheat IN
farmers hands and country elevators, and
all the flour in the country. For the first
time since February Chicago was selling
wheat for export, and the market is now
gradually adjusting itself to natural con-
ditions
The sales of wheat here reached Is, 49,
600 bushels, and coffee ], 272, 900 bags in
both markets.
Liquidation is progressing with more
quiet feeling The iron market is some
what weakened in tone since the break
ing of the Coax combination and the re-
newed production of some furnaces which
had been banked Cotton yielded but
little less than other speculatiOns, though
the crop prospects are everywhere report
ed more favorable than for seven years,
with % per cent increase in acreage. A
yield, the largest ever known, may be
the result, and the price of new cotton is
held 90 per cent above that of November
1, with print cloths lower than at that
time A distrust of current prices affects
dealing in goods to some extent, though
the demand is still healthy and strong.
Higher prices for wool at London and
sales with stiff prices at the west disheart-
on manufacturers who complain of heavy
imports of wooden goods, classified as
worsted and admitted at low duties Re-
ports from many points though are al
mos uniformly favorable as to the volume
Of trade for the season, and exceedingly
hopeful as to future. Begin to note a
stringency of money in several directions.
At Cleveland because of large demands
at Nashville because of real estate opera
tons at Omaha because large sums have
gone into buildings at Detroit because
of wool movement. Chicago bankers in
view of larger demands from legitimate
consumers than were expected, regret that
so much has been tied up in wheat loans
Collections are reported satisfactory at
most points about the average at Kansas
City; only fair at Denver, Galveston,
Omaha and Nashville, and not so good at
st. Paul, where strike keeps 1000 men
idle. The ore handlers strike also dis
turbs shipments at Cleveland. From
Little Rock it is noted that Arkansas
real estate has advanced 10 per cent.
Foreign trade is not improving. May
shows a decrease of SIC, go, 900 in exports
of cotton, and $1,40O,0O0 in provisions
and cattle while the imports at New York
were Upper cent larger than last year.
There is a slight reduction in raw and an
advance in refined sugar Leather is quiet,
with some yielding in quations, though a
fair business is done by boot and shoe
makers The promised improvement in
railroad earnings continues excellent, and
stocks yield but little in price The inter
state commission is not yet clearly under
stood here or abroad, but it's effects is to
cause some hesitation.
Business failures during the last seven
days for the United States 1913, for Cana
da 20. Total, 213. Compared withe cor
week of last year 1876 of an
increase is noticed this week, caused, of
mainly through the wheat panic in Chi
cagO and the west In other sections of
the country the business troubles appear
to be lirhter than usual